Clarification in respect of valuation of gifts of shares/debentures on or after 1-4-1992 under the Gift-tax Act, 1958, in view of the omission of Part C of Schedule III to the Wealth-tax Act, 1957

Clarification in respect of valuation of gifts of shares/debentures on or after 1-4-1992 under the Gift-tax Act, 1958, in view of the omission of Part C of Schedule III to the Wealth-tax Act, 1957 https://www.taxtmi.com/circulars?id=5052 Omission of Part C of the wealth-tax schedule does not change how shares and debentures are valued for gift-tax purposes; for the limited purpose of the gift-tax regime, Part C is to be treated as if still on the statute and valuation of these securities shall continue to follow its rules. en-us Thu, 20 Aug 1992 00:00:00 +0530 Fri, 08 Aug 2008 18:34:00 +0530 TaxTMI RSS Generator Clarification in respect of valuation of gifts of shares/debentures on or after 1-4-1992 under the Gift-tax Act, 1958, in view of the omission of Part C of Schedule III to the Wealth-tax Act, 1957 https://www.taxtmi.com/circulars?id=5052 Omission of Part C of the wealth-tax schedule does not change how shares and debentures are valued for gift-tax purposes; for the limited purpose of the gift-tax regime, Part C is to be treated as if still on the statute and valuation of these securities shall continue to follow its rules. Circulars Income Tax Thu, 20 Aug 1992 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5052